Ed - went to PDAC, smaller this year I think. The company i think clearly drilling off the most gold ounces is Pangea, maybe upwards of 4 million oz now, lotsa news coming out over the next 6 months on this, cause lotsa drilling programs, perhaps a takeover. Their Tulawaka project in Tanzania is really looking very good, rich surface open pit deposit, then very rich vein with width open at depth, and in the x-n planes as well. This is trading at about $3.50-3.70 and based on what i see, I agree with the recent analysts reports that a takeover could be in the $6-8 range minimum. Whether this happens or who knows.
Visited Rock Resources, big potential, not a sure thing tho in my opinion. Have to watch their CDrom.
Winspear there, saw Sophie again, they doing bulk sample till end of summer, then processing, in meantime some more drilling, 100 man crew on site, must have good spend reate.
Saw the Twin Gold dyke maps, they need more sampling and finding bigger diamonds, then we rock.
Romarco gonna talk about their jv e-commerce plans with Tullaree tomorrow at 10:45 am, could be interesting, then Joe going to Europe for pony and dog show for 10 days or so. Truly some tremendous upside potential here because of their $16 million cash position, and the ability to pick e-commerce projects of merit that are screened by some pretty good consulting.
Picked up about 60 lbs of company brochures, but had to quit cause couldn't carry any more in me knapsack back to the car. So will look through all that stuff, may find some more goodies. Most companies are in a cash preservation state if they have any, unless they have an active program like Pangea who are well cashed at $11 million or so. |
